Forex Trend Analysis Report
Prepared for you on Sunday, August 25, 2019.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term Uptrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for USDIQD
The long term trend has been UP since Jun 17th, 2019 at 1199.20
The intermediate term trend has been UP since Aug 15th, 2019 at 1195.45
The short term trend has been DOWN since Aug 18th, 2019 at 1192.80
Smart Scan Analysis for USDIQD
Based on a pre-defined weighted trend formula for chart analysis, USDIQD scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend).